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COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE DECEMBER 10, 2019

Tuesday, December 10, 2019 | 09:30am

NASHVILLE--Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 8.75 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 4.75 percent as published by the Federal Reserve on December 10, 2019.

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News

COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE NOVEMBER 5, 2019

Tuesday, November 05, 2019 | 10:32am

NASHVILLE--Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 8.90 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 4.90 percent as published by the Federal Reserve on November 4, 2019.

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